Graphic Packaging International, LLC (formerly known as Graphic Packaging International, Inc.) is a direct wholly-owned subsidiary of Graphic Packaging International Partners, LLC and the primary operating subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced today that it launched an offering to sell $300 million aggregate principal amount of its senior unsecured notes due 2027 (the “Senior Notes”) in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions.
The Senior Notes will be senior unsecured obligations of Graphic Packaging. The Senior Notes will be guaranteed by Graphic Packaging International Partners, LLC and Field Container Queretaro (USA), L.L.C., as well as by Graphic Packaging’s future material domestic subsidiaries that guarantee obligations under its senior credit facilities and its existing senior notes due 2021, 2022 and 2024.
Graphic Packaging intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under Graphic Packaging’s revolving credit facility under its senior secured credit facility, and to pay fees and expenses incurred in connection with the offering.
The Senior Notes and the related ensures will be offered and sold uniquely to people sensibly accepted to be qualified institutional purchasers in dependence on the exclusion from enlistment put forward in Rule 144A under the Securities Act and outside the United States, to non-U.S. people in dependence on the exception from enlistment put forward in Regulation S under the Securities Act. The Senior Notes and the related certifications have not been and won’t be enlisted under the Securities Act or the protections laws of some other ward and may not be offered or sold in the United States without enrollment or a relevant exclusion from enrollment necessities.
This public statement does not establish an idea to sell or the requesting of an idea to purchase the notes, nor will it comprise an offer, sales or deal in any ward in which such offer, sales or deal is unlawful preceding enlistment or capability under the protections laws of any such purview.